Capital Account Policies and the Real Exchange Rate
收藏NBER2012-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18404
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资源简介：
This paper presents a simple model of how a small open economy can undervalue its real exchange rate using its capital account policies. The paper presents several properties of such policies, and proposes a rule of thumb to assess their welfare cost. The model is applied to an analysis of Chinese
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美国国家经济研究局创建时间：
2012-09-01
